Well, the summer season is upon us and aside from everyone taking family vacations and what not, driving has hit a new low for Americans. Hopefully, this will uptake the inventories of stored oil and drop the price a bit. One of my old economic professors once told me that if the bottom of a housing bubble hits before summer, it will most likely last all summer long. This is onviously the case within the United States. However, once people begin to enjoy the joining of baseball, football and basketball seasons, we can’t but see a huge multi billion dollar uptake in gross spending.

Don’t forget that most Americans will need to spend on both Hurricane supplies, Thanksgiving weekend travel, and the Christmas holiday. All of those are sure to help the economy somewhat due an increase in gross spending per capita. But don’t expect these fruitions to take place if the price of Gas still stays within the $3.80-4.20 range because all signs point that it will, even the OPEC leader says so too. Ridiculous right!

If you can forsee yourself not being able to afford the huge price of gas for either your car or the price of a plane ticket, consider putting $20 per week starting now in a 3-4% money market if you can find one. You can expect to see a small and minimal return but it could be used to put away for some holiday gifts or to help fill up the tank with gas.

Regardless, here comes Hurricane season…..oh great. Can’t wait to see oil pop above $160 before Congress actually takes action on this issue.

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